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CDCA

Active Private limited companyfounded 2021active for 5 yearsMaastrichtersteenweg 27, 3770 RiemstKBO/BCE: BE 0762.534.816

Overview

Lifetime

5 annual accounts with figures on one time axis
peak €157,384 (2024)
€70,049▼ 55.5%
peak €110,553 (2024)
€42,417▼ 61.6%
peak €133,671 (2022)
€3,000▼ 97.4%
€126,361▲ 128%
Board2 names since 2021
Documentsfilings and deeds
30-04-202692 days before the deadline
2025micro format
Gross margin from €157,384 to €70,049Result from €110,553 to €42,417Dividend €152,969Equity from €113,553 to €3,000Debts from €55,533 to €126,361Cash from €23,870 to €37,024

Key points

from the 2025 annual accounts

Equity

€3,000 from €133,671 in 2022

Equity fell by 98% in 3 years.

Turnover

≈ €150,000 estimated

The micro format states no turnover.

Debts

€126,361 98% of the balance sheet
Suppliers 3%Taxes and wages 25%Other 72%

Liquidity

0.90 was 2.63 in 2024

Short-term debts rose from €55,533 to €126,361.

Board

1 joined

New director. Latest change 01-04-2026 · 2 in office.

Position in the sector

2.3%

Lower solvency than 85% of companies in advertising and market research. Sector median 53.3% · 8,614 companies.

Checked score

81
Excellent
Financially stronger than 32% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025lowest value 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.4%▲ +0.1 percentage points vs 09-2026highest value 11-2026: 0.4%● unchanged vs 10-2026highest value

Financial strength
Average

27-65equity 2.3% of total assets
36-17short-term debt 97.7% · cash 28.6%
100=return on assets 32.8%

Score breakdown

raises risk
Equity €3,000 (2.3% of total assets)
Founded in 2021
lowers risk
Sector: Advertising, market research and public relations activities (NACE 73)
Liquidity: current ratio 0.90, cash €37,024
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 15% of them on solvency, 20% on liquidity, 88% on profitability and 5% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 2,153 companies had the same profile as CDCA has now. Each dot stands for 6 companies, two years later.

96.1%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of CDCA itself: 0.4% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,153 companies, not a prediction for CDCA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
lowers risk · Liquidity: current ratio 0.90, cash €37,024
NBB · annual accounts
raises risk · Equity €3,000 (2.3% of total assets)
NBB · annual accounts
raises risk · Founded in 2021
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8614 sector peers (2025).
NBB · sector comparison
Position among 8614 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-04-2026, 92 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
92 days early
2024
1 day early
2023
on the day
2022
34 days early
2021
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 19 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

AC
Director, since 26-01-2021
RJ
Director
  • ALVARADO Ceylin del Carmen 100 sharesdeed of 29-01-2021
Board & ownership

Recent changes

Appointment: Roy JANS (director) General meeting of 29-07-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0762534816
Registered office moved from Hoeselt to Riemst New registered office: Maastrichtersteenweg 27 te 3770 Riemst · Previous registered office: Coolenbroekstraat 6 te 3730 Hoeselt · Board meeting of 26-08-2021 · Gazette deed
Incorporation Founding capital of €3,000, 100 shares · Founder: ALVARADO Ceylin del Carmen · Appointment: ALVARADO Ceylin del Carmen (director) · published on 29-01-2021 · Gazette deed
All 13 events

Comparable companies

same main activity, similar in size and age
Company
CDCA Riemst €129,361 €70,049 2.3% -
ECOM360 Aalst €122,760 €67,876 57.0% -
Aqua seafoam shame Antwerp €127,864 €85,547 67.2% -
Van Grinderbeek Kontich €128,605 €68,512 6.9% -
PROMO IMPEX Gerpinnes €140,832 €81,159 2.9% -
Two Impress Sint-Niklaas €128,487 €56,410 33.6% -
KORJO Ghent €114,506 €63,684 7.0% -

These companies have the same main activity as CDCA: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €115,000 and €141,000, founded between 2020 and 2021.

Official details

Source: KBO
Status
Active since 27-01-2021Normal situation
Activity
Advertising agenciesNACE 73110and 5 others
Establishment unit
2.312.633.2203770 Riemst, since 27-01-2021
Financial year end
31 December
Peppol
Reachable since 16-01-2026
Company details

Annual accounts 2025

€70,049▼ 55.5%
€42,417▼ 61.6%
€3,000▼ 97.4%
€129,361▼ 23.5%
Filing
Filed on 30-04-2026, 92 days before the end of the filing period
Financials

Insights on CDCA

CDCA files the micro format. That format states no turnover. The gross margin fell from €109,473 in 2021 to €70,049 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-04-2026, 92 days before the deadline
€70,049
▼ 55.5%
€59,179
▼ 58.9%
€42,417
▼ 61.6%
-€13,043
▼ €103,476
2.3%
▼ 64.8 percentage points
0.90
▼ 1.73

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €150,000. Estimated: probably between €130,000 and €200,000.

Balance sheet

balance sheet total €129,361 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

2.3%

Higher than 14% of 8,614 companies in 2025.

0.90

Higher than 20% of 8,290 companies in 2025.

32.8%

Higher than 80% of 8,399 companies in 2025.

CDCA Middle half of the sector 80% of the sector Micro accounts in advertising and market research (NACE 73)

Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
20/58 129,361169,086163,058187,222128,903
21/28 16,04323,12022,3048101,361
22/27 16,04323,12022,3048101,361
22 1,176----
23 3,5874,8606,133--
24 11,28118,26016,1708101,361
29/58 113,319145,966140,754186,412127,542
29 -050,00037,00022,000
291 -050,00037,00022,000
3 10,1537,008---
30/36 10,1537,008---
40/41 66,141115,08858,13350,67231,696
40 60,28081,93658,13328,67230,745
41 5,86133,152022,000951
54/58 37,02423,87032,62298,73973,846
Balance sheet: equity and liabilities
10/49 129,361169,086163,058187,222128,903
10/15 3,000113,55383,914133,67187,261
10/11 3,0003,0003,0003,0003,000
13 0110,55380,914130,67184,261
133 0110,55380,914130,67184,261
14 000--
17/49 126,36155,53379,14453,55141,642
42/48 126,36155,53379,14453,55141,642
44 3,30313,74922,66913,92313,738
440/4 3,30313,74922,66913,92313,738
45 31,86041,78439,43138,26926,651
450/3 31,86041,78439,43138,26926,651
47/48 91,198017,0441,3591,253
Income statement
9900 70,049157,384107,61561,155109,473
62 125422776--
630 8,2787,2223,032551291
640/8 2,4675,9073,5742,5862,812
9901 59,179143,834100,23358,018106,370
75/76B 131,9953,0451,118152
75 131,9953,0451,118152
65/66B 1,0221,2242168448
65 1,0221,2242168448
9903 58,170144,604103,06259,052106,474
67/77 15,75334,05122,14812,64222,213
9904 42,417110,55380,91446,41084,261
9905 42,417110,55380,91446,41084,261
Appropriation of the result
9906 42,417110,55380,91446,41084,261
791/2 110,55380,914130,671--
691/2 0110,55380,91446,41084,261
6921 0110,55380,91446,41084,261
694/7 152,96980,914130,671--
694 152,96980,914130,671--
Document PDFPDFPDFPDFPDF

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 30-04-2026 2026-00101271 PDF
31-12-2024 micro format 30-07-2025 2025-00334563 PDF
31-12-2023 micro format 31-07-2024 2024-00317177 PDF
31-12-2022 micro format 27-06-2023 2023-00163200 PDF
31-12-2021 micro format 30-08-2022 2022-20351375 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
67,457151,056103,26558,569106,661
50,695117,77583,94746,96184,552
1,2018,03824,52601,652
13,154-8,752-66,11824,893-
-13,04390,43361,610132,86185,900
2.3%67.2%51.5%71.4%67.7%
0.902.631.783.483.06
0.822.501.783.483.06
42.120.490.940.400.48
-97.4%96.4%34.7%96.6%
32.8%65.4%49.6%24.8%65.4%
65.99over 100over 100over 100over 100

A ratio outside any meaningful range has been withheld (balance sheet total €129,361, equity €3,000).

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,201€8,038€24,526-€1,652
Financial fixed assets€0----
€8,278€7,222€3,032€551€291

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on CDCA

The operating result for 2025 is 59% lower than in 2024 and the lowest since 2022.

Debt's share of the balance-sheet total rises from 32.8% to 97.7%. Equity is lower and debt is higher.

Board & ownership

Board

2 directors, no change since April 2026
Director (not named in the articles)
since 26-01-2021 term without a fixed end
listed in the 2025 annual accounts, filed on 30-04-2026
Director
appointed by deed of 14-08-2026 term without a fixed end
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 29-01-2021

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
ALVARADO Ceylin del Carmen
Director (not named in the articles)
Roy JANS
Director
Board
Mandates as a list
  • ALVARADO Ceylin del Carmen
    • Director (not named in the articles), from 26-01-2021 to date
  • Roy JANS
    • Director, appointed by deed of 14-08-2026, still in office

See the board, name and registered office on a given date →

Control

This company
CDCA
Equity €3,000
Profit €42,417 in 2025

Capital

Contribution
€3,000
Shares
100
Contribution per share
€30
Equity per share
€30 in 2025
Source
deed of 29-01-2021

Articles of association

deed of 29-01-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Wednesday of June at 20:00

Shareholders

At incorporation deed of 29-01-2021 ↗

Network & group

No group

CDCA has no parent and no holdings in its annual accounts. CDCA shares no director with another company.

Timeline

Timeline

13 events since 2021

Deadline for the 2026 accounts: 31-07-2027

2026
Appointment: Roy JANS (director)General meeting of 29-07-20263 points ▸
  • General meeting, 29-07-2026
  • Director appointment, Roy JANS
  • Power of attorney, FMGP

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed PDFmicro format · 92 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0762534816
2025
Weakest financial year net €42,417 ▼61.6% The net result drops to €42,417, the lowest from 2021 to 2025.
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
2024
Highest result from 2021 to 2025 net €110,553 ▲36.6% The operating result of €143,834 and the net result of €110,553 are both a record.
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Annual accounts 2022 filed PDFmicro format · 34 days before the deadline
2022
Equity above €100,000 equity €133,671 ▲53.2% With a profit in every financial year since 2021, equity grows to €133,671.
Annual accounts 2021 filed PDFmicro format · 30 days late
2021
Registered office moved from Hoeselt to RiemstNew registered office: Maastrichtersteenweg 27 te 3770 Riemst · Previous registered office: Coolenbroekstraat 6 te 3730 Hoeselt · Board meeting of 26-08-20212 points ▸
  • Board meeting, 26-08-2021
  • Registered-office move, Maastrichtersteenweg 27 te 3770 Riemst

Open the deed in the Belgian Official Gazette

IncorporationFounding capital of €3,000, 100 shares · Founder: ALVARADO Ceylin del Carmen · Appointment: ALVARADO Ceylin del Carmen (director) · published on 29-01-20215 points ▸
  • Founding capital, €3,000, 100 shares
  • Founder, ALVARADO Ceylin del Carmen
  • Registered office clause, Coolenbroekstraat 6, 3730 Hoeselt
  • Board rule, 1
  • Director appointment, ALVARADO Ceylin del Carmen (director (not named in the articles))
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Maastrichtersteenweg 27, Riemst

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 27 January 2021, CDCA was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2021 the registered office moved to Riemst.3 Today the board has 2 members.4 Total assets went from €128,903 in 2021 to €129,361 in 2025.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 29-01-2021
  3. 3Belgian Official Gazette, 23-09-2021
  4. 4Belgian Official Gazette, 14-08-2026
  5. 5National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0762.534.816
VAT number
BE 0762.534.816
Peppol ID
0208:0762534816
Other Peppol ID
9925:BE0762534816
Legal form
Private limited company
Status
Active, normal situation
Founded
27-01-2021
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Wednesday of June at 20:00
deed of 29-01-2021 (in Dutch)
Peppol
Reachable since 16-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CDCA in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-01-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 29-01-2021 (in Dutch)

Activities

NACEBEL 2025
73110 Advertising agencies main activity
Codes under NACEBEL 2008
73120 Media representation
82990 Other business support services
93199 Other sports activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“De promotie van de wielersport, in de ruimste zin van het woord, met inbegrip van het deelnemen aan alle wedstrijden in alle disciplines van…”
20 activities
  1. De promotie van de wielersport, in de ruimste zin van het woord, met inbegrip van het deelnemen aan alle wedstrijden in alle disciplines van de wielersport, het organiseren, uitwerken, ondersteunen, begeleiden van sporters, het begeleiden en inrichten van sportwedstrijden, het samenstellen en leiden van wielerploegen
  2. Het beheer van de auteurs, imago- en portretrechten van wielrenners en andere sportlui met alle mogelijke activiteiten van merchandising
  3. Het ontwerp, de fabricage, aankoop en verkoop van kledij en accessoires, al of niet gerelateerd aan de merchandising van wielrenners
  4. Aan en verkoop van sportmaterialen in het algemeen en ter ondersteuning van hoger gemelde activiteiten
  5. Optreden als instructeur, begeleider, zelfstandig werkende sportbeoefenaar; vertegenwoordigen van het product en/of de naam op alle mogelijke denkbare wijzen zowel naar sportverenigingen en organisaties als naar de bedrijfswereld toe
  6. Voeren van publiciteit en aanverwante bezigheden voor en naar sponsors, verenigingen, organisaties en bedrijven, zowel nationaal als internationaal in eigen naam en voor rekening van derden
  7. Geven van actes de présence, vertegenwoordigen van de vennootschap op alle mogelijke commerciële en publicitaire manieren; management, beheer van sportclubs, consulting voor sporters
  8. Het verlenen van diensten, zowel in consultancy als implementatie aan derden, op vlak van beheer, management, marketing, sales en publicrelations
  9. Professioneel advies van sporters, sportverenigingen, sportorganisaties en manifestaties, bedrijven in binnen- en buitenland op strategisch, operationeel en commercieel vlak
  10. Begeleiden van hetgeen vermeld onder voorgaand punt, opmaak van bedrijfs- en marketingplan en diens meer
  11. Adviesverlening rond product- en dienstenbeheer, prijsbepaling en keuze van distributiekanalen
  12. Adviesverlening rond marketingcommunicatie, merkenadvies, opmaak persberichten, persconferenties, supporteren van nationale en internationale beurzen, website communicatie, direct mailing activiteiten, telemarketing activiteiten, interne communicatie, copywriting en layouting van brochures en ander documentatiemateriaal, begeleiden en creëren van reclamecampagnes, speciale evenementen, sponsoring
  13. Adviesverlening rond rekrutering en selectie van management, sales en marketing profielen
  14. Opzetten en commercialiseren van commerciële adresbestanden
  15. Het geven van management, sales en marketing opleidingen
  16. Adviesverlening in de ruimste zin van het woord inzake overnames en stopzetting van verenigingen, organisaties en bedrijven zowel nationaal als internationaal
  17. Consultancy en realisatie op het gebied van communicatieprojecten
  18. Het aan- en verkopen, huren en verhuren, beheren en renoveren van onroerende goederen voor eigen beheer
  19. De organisatie van opleidingen, cursussen, stages, demonstraties voor sporten, spelen, hobby en vrijetijdsbesteding
  20. Haar werkzaamheden te beschermen of te waarborgen door het nemen van octrooien, patenten of merknamen in binnen- en buitenland
deed of 29-01-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Maastrichtersteenweg 27 registered office 3770 Riemst 47716 Retail sale of clothing and accessories for women, men, children and babies (general range) 27-01-2021 2.312.633.220
1 former office
  • Coolenbroekstraat 6, 3730 Hoeselt until 26-08-2021 · deed of 23-09-2021

Buildings and parcels at the address

Ground area
2,152 m²
Buildings
198 m²
Volume, LiDAR
1,167 m³
Tallest building
8.1 m
Buildings to scale, each on its own parcel
198 m², 8.1 m 198 m², 8.1 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
73066A0276/00A0002,152 m² 1 · 198 m² 8.1 m · 2